Which of the Following Is True of Modern Technology

question 106

Multiple Choice

Which of the following is true of modern technology?

• A) Improvements in technology have propelled the production possibilities and living standards of people in North America, Western Europe, and several other parts of the world.
• B) In low-income countries, proven technologies can be either emulated or imported at a low cost.
• C) Often, perverse institutions and policies in low-income countries undermine the gains from improvements in technology.
• D) All of the above.

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Definitions:

Property

Refers to legally owned items or assets, including real estate, personal items, and intellectual property.

Compensation

Payment or benefit given to someone, often as a reparation for loss, injury, or suffering.

Private Property

Property owned by individuals or corporations rather than by the government or the public.

Individual

A single human being as distinct from a group, class, or family.